The Spirulina Beverages Market Size is valued at 20.0 Million in 2022 and is predicted to reach 44.8 Million by the year 2031 at a 9.5 % CAGR during the forecast period for 2023-2031.
Spirulina is a high-value nutritional product whose market potential is growing in both developed and developing countries. Owing to its high protein, vitamin, mineral, and micro-nutrient content, Spirulina is an ideal food supplement for the malnourished as well as the health-conscious who wish to boost their immune systems. Therefore, markets for this product are to be produced in the Eastern and Southern African and the Indian Ocean (ESA-IO) region as well as in developed countries in Europe, North American, and Asia. Spirulina has reached a developed stage in the beverages market. In recent years it has witnessed significant growth owing to the growing number of health-conscious consumers, rising disposable income and changing lifestyle. Moreover, growing demand for food supplements and the rising focus on healthy diets to boost the Immune System is further expected to create substantial growth opportunities during the forecast period.
The Global Spirulina Beverages market is categorized on the basis of product, Distribution Channel, and region. On the basis of Product Type, the market is segmented into Solid Beverage and Liquid Beverage. On the basis of Distribution Channel Mode Type, the market is segmented into Hypermarket and Supermarket, Online Retail, and Others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. On the other hand, Asia-Pacific is expected to dominate the market during the analysis of the forecast period.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 20.0 Million |
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Revenue Forecast In 2031 |
USD 44.8 Million |
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Growth Rate CAGR |
CAGR of 4.5 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, By Distribution Channel |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Algama Foods, Prologue Spirulina Supplies, Smart Chimp, Tavelmout Corporation, Sol-ti (JuiceDelivery, LLC), EuyouAngel, Minimalist Baker Recipes, Unicorn Superfoods, Athletic Greens, Nested Naturals Inc., Earthrise Spirulina, SCOTBIO, Cyanotech Corporation, now health group Inc., Naturya, and others |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Spirulina Beverages Market Snapshot
Chapter 4. Global Spirulina Beverages Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Key AI in Healthcare Companies
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Major Investment, Partnerships and Collaborations in Genomics Research
4.9. Impact of Covid-19 on Food & Beverages Market
Chapter 5. Market Segmentation 1: Product Types Estimates & Trend Analysis
5.1. Product Types & Market Share, 2020 & 2028
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following Product Types:
5.2.1. Solid Beverage
5.2.2. Liquid Beverage
Chapter 6. Market Segmentation 1: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Type & Market Share, 2020& 2028
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following Distribution Channel Type:
6.2.1. Hypermarket and Supermarket
6.2.2. Online Retail
6.2.3. Others
Chapter 7. Spirulina Beverages Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Spirulina Beverages Market revenue (US$ Million) estimates and forecasts by Product, 2020-2028
7.1.2. North America Spirulina Beverages Market revenue (US$ Million) estimates and forecasts by Distribution Channel, 2020-2028
7.1.3. North America Spirulina Beverages Market revenue (US$ Million) estimates and forecasts by country, 2020-2028
7.2. Europe
7.2.1. Europe Spirulina Beverages Market revenue (US$ Million) by Product, 2020-2028
7.2.2. Europe Spirulina Beverages Market revenue (US$ Million) by Distribution Channel, 2020-2028
7.2.3. Europe Spirulina Beverages Market revenue (US$ Million) by country, 2020-2028
7.3. Asia Pacific
7.3.1. Asia Pacific Spirulina Beverages Market revenue (US$ Million) by Product, 2020-2028
7.3.2. Asia Pacific Spirulina Beverages Market revenue (US$ Million) by Distribution Channel, 2020-2028
7.3.3. Asia Pacific Spirulina Beverages Market revenue (US$ Million) by country, 2020-2028
7.4. Latin America
7.4.1. Latin America Spirulina Beverages Market revenue (US$ Million) by Product, (US$ Million)
7.4.2. Latin America Spirulina Beverages Market revenue (US$ Million) by Distribution Channel, (US$ Million)
7.4.3. Latin America Spirulina Beverages Market revenue (US$ Million) by country, (US$ Million) 2020-2028
7.5. Middle East & Africa
7.5.1. Middle East & Africa Spirulina Beverages Market revenue (US$ Million) by Product, (US$ Million)
7.5.2. Middle East & Africa Spirulina Beverages Market revenue (US$ Million) by Distribution Channel, (US$ Million)
7.5.3. Middle East & Africa Spirulina Beverages Market revenue (US$ Million) by country, (US$ Million) 2020-2028
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Algama Foods
8.2.2. Prolgae Spirulina Supplies
8.2.3. Smart Chimp
8.2.4. Tavelmout Corporation
8.2.5. Sol-ti (JuiceDelivery, LLC)
8.2.6. EuyouAngel
8.2.7. Minimalist Baker Recipes
8.2.8. Unicorn Superfoods
8.2.9. Athletic Greens
8.2.10. Nested Naturals Inc.
8.2.11. Earthrise spirulina
8.2.12. SCOTBIO
8.2.13. Cyanotech Corporation
8.2.14. now health group Inc.
8.2.15. Naturya
8.2.16. Other Prominent Player
Global Spirulina Beverages Market by Product Type
Global Spirulina Beverages Market by Distribution Channel Mode
Global Spirulina Beverages Market Based on Region
Europe
North America
Asia Pacific
Latin America
Middle East & Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
